Motorola Solutions Inc (MSI)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,705,000 | 6,013,000 | 5,688,000 | 5,163,000 | 5,113,000 |
| Total assets | US$ in thousands | 13,336,000 | 12,814,000 | 12,189,000 | 10,876,000 | 10,642,000 |
| Debt-to-assets ratio | 0.35 | 0.47 | 0.47 | 0.47 | 0.48 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,705,000K ÷ $13,336,000K
= 0.35
The debt-to-assets ratio of Motorola Solutions Inc has seen a slight decline from 0.48 in 2019 and 2020 to 0.45 in 2023. This indicates that the company has been able to reduce its reliance on debt in relation to its total assets over the period. A lower debt-to-assets ratio suggests that the company is less leveraged and has a stronger financial position, as it is financing a smaller portion of its assets through debt. This could indicate improved financial stability and a lower level of risk associated with debt repayment. Overall, the trend in the debt-to-assets ratio for Motorola Solutions Inc reflects a positive direction in the company's financial structure and risk management.
Peer comparison
Dec 31, 2023